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The Revolutions of Adam Smith and Thomas Jefferson

Written By: By Jacob G. Hornberger  |  Posted: Sunday, August 5th, 2018

One of the most fascinating aspects of Independence Day is that the year the Declaration of Independence was signed - 1776 - was the same year that saw the publication of Adam Smith's famous treatise on economics, An Inquiry into the Nature and Causes of the Wealth of Nations. That is quite a coincidence, one that had enormous ramifications for liberty.

Throughout history, government officials have controlled and regulated economic activity. They were convinced that this was a necessary and essential role for the government, especially to protect the poor.

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